Question

Nogel Corporation secured authorization from the state for 200,000 shares of $10 par value common stock. It has 80,000 shares issued and 70,000 shares outstanding. On June 5, the board of directors declared a $0.25 per share cash dividend to be paid on June 25 to stockholders of record on June 15.
Record these events using T accounts.



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  • CreatedMarch 26, 2014
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